[HISTORY: Adopted by the Common Council of the City of Linwood as indicated in article histories. Amendments noted where applicable.]
Article I Tangible Household Personal Property
Article II Real Property
[Adopted 12-13-1967 as Ch. 48, Art. I, of the 1967 Code]
Pursuant to Chapter 51, P.L. of New Jersey, approved June 15, 1960, Paragraph 13, tangible household property and personal effects shall not be assessed and taxed commencing January 1, 1962, and so long as this chapter is in effect.
A certified copy of this article shall be filed with the Division of Taxation, in the Department of the Treasury of the State of New Jersey, and with the Atlantic County Board of Taxation.
[Adopted 12-13-1967 as Ch. 48, Art. II, of the 1967 Code]
It hereby determines that the financial position of the City of Linwood for 1961 will not thereby be impaired and it hereby directs that the exemption claimed and allowed for 1961 shall operate to reduce the taxable valuation for 1961 for the purpose of computing the amount of tax due upon such properties for such year pursuant to Paragraph 6, Chapter 9, P.L. 1961.